The clutch signing of point guard Raymond Felton to a two-year deal puts the Knicks in position to earn an eighth seed in the playoffs and a possible first-round matchup with LeBron James’ Miami Dream Team.

But Felton’s short-term contract also has allowed the Knicks to develop a new master plan and dream bigger.

The Knicks now can chase superstars who actually want to play in New York: Carmelo Anthony in 2011 and point guards Chris Paul or Deron Williams in 2012.

As reported exclusively in yesterday’s Post, the Knicks’ insistence on no more than two guaranteed years for Felton at $15.8 million has given them the cap-space flexibility to offer one maximum contract for 2011 and another one for 2012, Knicks president Donnie Walsh told The Post yesterday.

“It may not be as many years as I wanted it, but I’ll be 28, 29 years old and still be young in my prime,” Felton told a South Carolina television network.

Anthony and Paul could be the final two pieces to what Walsh believes could be not just a championship team but a dynasty, considering their ages.

Anthony got married yesterday in Manhattan to MTV’s LaLa Vasquez, a Brooklyn native. LeBron, Paul and new Knicks power forward Amar’e Stoudemire attended. Spike Lee was also there and as Lee passed reporters, he screamed, “We want Carmelo to come to New York.”

The Knicks believe Anthony wants to marry the Knicks when he becomes a free agent next July. Anthony has a contract extension offer on the table from the Nuggets, but has not budged. According to a source close to Stoudemire, Anthony and Vasquez want to live in New York. Stoudemire said last weekend he would be in Anthony’s ear about joining the Knicks.

Whether the 69-year-old, wheelchair-bound Walsh, who is recovering from neck surgery, is healthy enough to be around for a potential Dream Team is uncertain, but he has set the franchise up for big future scores. Walsh has one year and $5 million left on his contract with a team option for a second year.

“If you go back from the first day, I said we’d have to get under the cap and then manage the cap and continue to get under it,” Walsh told The Post. “We have always been conscious of that. And we’ve ended up getting players now that gives us that ability. We’ve tried to get us competitive and this was the first step.”

Walsh did not hit a home run in this summer’s free-agent market, but in adding five players he has given the Knicks a likely playoff team. Anthony Randolph, Ronny Turiaf, Kelenna Azubuike and Felton will be introduced tomorrow at the team’s practice facility in Greenburgh — 15 minutes from where LeBron distastefully announced “The Decision” to spurn the Knicks, in Greenwich, Conn.

“Everybody’s disappointed we didn’t get what we went after,” Walsh said. “But what I’m trying to do is move on from there and make it a real competitive team and compete for the playoffs with assets who can go forward.”

Walsh said he feels the pieces fit and address weaknesses.

“I think the players we put on the team fit in for what you need on a good team,” Walsh said. “We haven’t had that before. We haven’t had shot-blocking, defensive-oriented players, haven’t had a straight two-guard. We’re starting to get better fits.”

Stoudemire, Randolph and Turiaf give the Knicks better rim-protecting interior defense. Walsh believes Kelenna Azubuike, despite a major knee injury that cost him all but nine games last season, can turn into a starting shooting guard. And Felton gives the Knicks their best point guard since Stephon Marbury in his prime in 2003-04, when he led them to their last playoff berth.

“It’s a solid roster,” Walsh said. “If you can get a team that fits together, their results will be better than anticipated. The goal is to always make the playoffs. I have to see this team together before making predictions on how good they can be.”

marc.berman@nypost.com

How to spend $37 million

AMAR’E STOUDEMIRE

PF-C, 6-10, 249

HOW OBTAINED: Free agent sign-and-trade

with Suns

SCOUTING REPORT: Five-time All-Star is biggest rebuilding piece, but there is concern he won’t be a superstar without Steve Nash. Great, explosive finisher with length to block shots, but not as good a jump-shooter or rebounder as David Lee.

2010-11 SALARY: $17M

ANTHONY RANDOLPH

SF-PF, 6-10, 210

HOW OBTAINED: David Lee sign-and-trade

SCOUTING REPORT: Doesn’t turn 21 until Thursday. Knicks feel he has talent to become an All-Star if he gets stronger. He is light, but the 2009 first-rounder has vast potential and length. Needs to develop a better jump shot and post game. Played just 33 games last season because of serious ankle injury. Got the runaround from Don Nelson; should thrive in Mike D’Antoni’s system.

2010-11 SALARY: $1.96M

RAYMOND FELTON

PG, 6-1, 185

HOW OBTAINED: Signed as free agent

SCOUTING REPORT: Most point guards nowadays are converted shooting guards. Not Felton, who looks to pass first, will give them solid perimeter D and a pick-and-roll partner for Stoudemire.

2010-11 SALARY: $7.5M

RONNY TURIAF

C, 6-10, 250

HOW OBTAINED: Lee sign-and-trade

SCOUTING REPORT: An active banger and shotblocker. Best served coming off the bench to preserve his bad knees.

2010-11 SALARY: $4M

KELENNA AZUBUIKE

SG, 6-5, 220

HOW OBTAINED: Lee sign-and-trade

SCOUTING REPORT: Much-needed scoring guard for roster. Has nice 3-point shot but drives even better for points. Also a good defender, but he is injury risk — missed all but nine games last season with torn patella tendon. Not a certainty he will be healthy for training camp.